BPI offers some of the most competitive fixed-rate periods in the Philippines — but the repricing period you choose could cost or save you hundreds of thousands of pesos over the life of your loan. Here's what you need to know.
YOUR POTENTIAL MONTHLY SAVINGS
No commitment. No credit check. Just your numbers.
Why this matters
BPI is one of the Philippines' most trusted home loan lenders, and for good reason — their fixed-rate products offer genuine predictability in an environment where interest rates can shift significantly. In 2026, BPI housing loan rates start at 6.50% for a 5-year fixed term and 6.70% for a 1-year fixed term, making them among the more accessible options for Filipino homeowners. The key decision every borrower faces is which repricing period to choose: a shorter fixed window gives you the chance to reprice sooner if rates drop, while a longer fixed period protects you from increases and makes budgeting far easier. For most owner-occupiers who value stability, the 5-year fixed rate at 6.50% is the stronger choice — and it's the rate we use as our benchmark for refinancing comparisons.
If you're currently on a home loan with a rate above 7.50%, there's a real and meaningful case for refinancing. Many Filipino homeowners took out loans when rates were higher or are mid-way through a repricing cycle on a less competitive product. Switching to BPI's 5-year fixed rate through Nook can reduce your monthly repayment by thousands of pesos — and over a 20-year term, those savings compound dramatically. Use the BPI housing loan calculator to model your specific situation before you apply, so you go in with a clear picture of what to expect.
Applying through Nook means you get a fully guided, end-to-end refinancing experience at zero cost to you — Nook is paid by the bank, not the borrower. Our team handles the paperwork, coordinates with BPI, and helps you meet the requirements cleanly so your application moves quickly. BPI typically approves applications in around 52 days, and with Nook managing the process, you avoid the common delays that slow down self-managed applications. If you're unsure whether you qualify or want to review what documents you'll need, the BPI housing loan requirements guide walks you through everything in detail. Note that all interest rates are subject to change — always verify current rates with BPI or through Nook before submitting your application.
How it works
Enter your loan details into our calculator. Instantly see what banks are offering right now and how much you'd save each month. No personal information required.
If the numbers make sense, book a free call. Your consultant compares offers from 15+ banks — something that would take you weeks to do on your own — and recommends the best option for your situation.
We manage the entire application, documentation, and bank coordination. You sign where we tell you. Your new lower payment starts next month. Nook's service is completely free — we're paid by the receiving bank.
Common questions
BPI currently offers a 1-year fixed rate of 6.70% p.a. and a 5-year fixed rate of 6.50% p.a. for standard home loans, with a Home Equity rate also at 6.70%. These rates are among the most competitive available from a major Philippine bank. Always confirm the latest rates directly with BPI or through Nook, as rates are subject to change without notice.
A repricing period is the fixed window during which your interest rate stays locked — after that window closes, your rate is recalculated based on the bank's prevailing rates at the time. Choosing a longer fixed period like 5 years gives you more protection from rate increases and makes monthly budgeting more predictable. If rates are expected to fall, a shorter repricing period lets you benefit sooner, but it also exposes you to risk if rates rise instead.
For most homeowners who prioritise stability, the 5-year fixed rate at 6.50% is the better deal — you get a lower rate and five full years of payment certainty, compared to repricing every year at 6.70%. The 1-year fixed option can make sense if you plan to sell or refinance again within a short timeframe. Nook can help you model both scenarios against your specific loan balance and timeline to find the right fit.
Yes — refinancing to BPI is one of the most common transactions Nook handles for Filipino homeowners. If your current rate is above 7.50%, switching to BPI's 5-year fixed rate of 6.50% could save you thousands of pesos per month. Nook's service is completely free to borrowers; we handle the full application process and coordinate directly with BPI on your behalf.
BPI requires a minimum monthly income of 40,000 pesos for housing loan applicants. BPI accepts a wide range of employment types including private employees, government workers, BPO staff, OFWs, seafarers, self-employed individuals, and licensed professionals. If you're close to this threshold or have a mixed income structure, Nook can advise on how to present your application most effectively.
Check your exact savings in 60 seconds. It's free and takes no commitment.
Check My Savings Now →